Gen2 Technologies Inc. announced that following an extended period of negotiations it has signed a MoU with Snipitz - an advanced social media platform employing a robust user interface (UI) designed to offer unique viewing capabilities especially on mobile handsets. The MoU covers the following areas and will be subject to further due diligence and specific time requirements: To execute a white-label agreement allowing Gen2 Technologies to utilize Snipitz's UI as a front-end to the Iris Media Network. To execute a potential licensing agreement for Snipitz to use Gen2's IP, in particular, radial and camera technology. To look at future opportunities which may include investment and a right of first offer for purchase.